Axel Springer and KKR reached fundamental deal in summer, source says

German billionaire Mathias Doepfner and KKR have reportedly reached a basic agreement to split up the media giant Axel Springer. KKR is set to take majority control of the company’s profitable classifieds business in a deal that values the entire company at around 13.5 billion euros. While the deal is not finalized yet, an announcement could potentially be made next week. Axel Springer has declined to comment on the situation.